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Glite Dictionary
liquidation process

liquidation process

5.8
Selling the things a company owns to pay its debts before it closes
  • noun
  • /ˌlɪkwɪˈdeɪʃən ˈprɑːsɛs/
  • Specialized
translation icon : proceso de liquidación
  • After months of financial struggles, the liquidation process started to sell off assets and pay creditors.

Examples

  • The company refused to settle and yesterday announced they'd start the liquidation process.

    Blog text (11)

  • But the things that the liquidation process is designed to protect the corporate, yeah, yeah, they'll just tell you, I can't say anything.

  • Hostess Brands CEO Gregory Rayburn is confident that someone will purchase the brands shortly after the company begins the liquidation process.

    Blog text (2)

  • The company announced it would begin the liquidation process to settle its outstanding debts.

  • During the liquidation process, they held a sale to clear out inventory before closing the business.

Synonyms

closure
vsliquidation process
46 4.7

The permanent end of a business, school, or service

centres on selling assets to pay debts rather than only stopping operations
liquidation
vsliquidation process
  • Specialized
15 7.3

Closing a business and selling its assets to pay debts

is the act of selling assets primarily to pay debts before the business stops
wind-up
vsliquidation process
  • UK
7.4

The formal process of closing a company and paying its debts

focuses on selling assets to pay debts often before the company stops operating

Antonyms

investment
∞ 3.2

Putting money, time, or effort into something to get a future benefit

How Final

dissolution
  • Formal
20 6.8
liquidation process
  • Specialized
5.8
receivership
  • Formal
5 8.1
restructuring
54 4.2

Surface Forms

liquidation process singular
liquidation processes plural

Morphology

liquidation + process

The phrase is a straightforward composition of 'liquidation' (the winding-up/selling of assets to pay creditors) and 'process' (a sequence of steps), so a learner who knows both constituent meanings can directly infer it refers to the sequence of steps involved in liquidation. This is a literal, compositional construction that follows common noun + noun composition cross-linguistically, making it transparent to learners.

Etymology

Liquidation process comes from the image of turning things into money: liquidation means selling what a company owns to make 'cash', and process is the steps to do this. So, the phrase means selling a company's property to 'pay' its 'debts' and often to 'close' the business.